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URGENT SALE - Wholesale, Distribution Liquor Store In Eastern Cape For Sale

Eastern Cape, South Africa
Asking Price:
R4,000,000 Furniture / Fixtures included
Sales Revenue:
R65,000,000
Cash Flow:
On request

This excellently positioned and long established Wholesale and Distribution bottle sotre is on the market and looking for a new owner.

The business is excellently positioned and comes will all the necessary liquor licenses.

Three years ago the business had a revenue of R100m. Sadly the owner passed away and the business has been run by his family for the past two years. Their inexperience in the industry has led to the business turnover decreasing with the last financial years revenue being around R65m.

This presents an excellent turnaround opportunity to a knowledgeable buyer.

The Family is looking for a quick sale and this presents and excellent opportunity to buyers.

Property Information

Real Estate:

Lease

Lease Terms:

Lease rental currently around R27,000 per month.

Location:

Prime location. High traffic area. Ideal for Wholesale and Distribution

Premises Details:

The business has two premises.
1. The retail premises are currently leased and about 325sqm in size.
2. The warehousing premises is owned by the seller and they would be willing to sell the building. the property is around 800sqm in size.

Business Operation

Expansion Potential:

Huge potential to grow!

Reasons for selling:

Passing of Family member who operated the business

Trading hours:

Mon - Sun

Employees:
10
Years established:
>10

Other Information

Support & training:

Full Support and training offered

Inventory / Stock value:
R3,500,000
Distressed:
This business is a turnaround opportunity.